Wednesday, 24 August 2016
Last updated 15 hours ago
Jun 4 2012 | 12:46pm ET
Lugano, Switzerland, can count another hedge fund among its corporate residents.
But unlike many recent transplants to the southern city on the Italian border, Lugano's latest northern transplant hasn't moved far.
Insch Capital Management has relocated all of its operations to Lugano from Zug, which lies about 100 miles north, near Zürich. The move was sparked by impending Swiss regulations.
Insch set up research arm Insch Quantrend in Lugano two years ago while the main hedge fund remained in Zug. With the move, the two firms have merged.
"In part, this move back to Lugano and restructuring is in preparation for the new FINMA rules that will apply to our business in the near future," CEO Christopher Cruden said. "It will be substantially easier to manage one growing business from one location than two separate businesses from two separate locations."